US stocks continue to decline within sustainable downtrend amid falling oil prices, concerns about the situation in China and the weak statistics, published on Friday. Thus, retail sales fell by 0.1% in December, against growth of 0.4% in November. In addition, industrial production in the country fell by 0.4% in December, against the expected decline of 0.2%. Tomorrow will be published important statistics in China, which will lead to strong movements. Today, in the US is a holiday. We expect a continuation of the negative dynamics of US markets in the near future, but do not rule out a correction.
European stocks continue to decline due to negative sentiment in the US and Asia. Today the indexes consolidate around the previous close and a rise in volatility is expected tomorrow after the publication of reports on GDP and industry in China. Tomorrow will be published important statistics on inflation in the euro area and the UK. The central event of the week will be the ECB decision on interest rates and the subsequent press conference by ECB President Mario Draghi. Our medium-term outlook remains positive despite a possible decline in European markets following the American and Asian markets.
Major stock markets in the Asia-Pacific region showed a decline after the US indices. Today was published statistics on industrial production in Japan, which fell by 0.9% in November, against expected growth of 1.4%, which together with the strengthening of the yen worsened investor sentiment. Tomorrow will be published block of statistics on GDP growth, industrial production and investment in China, which will lead to a strong movement in the market. In the near future, the fall on the markets of the region may continue.